Latest USA Headlines
All the headlines from our USA Topic Page, ordered by recency.
Allied World U.S. Appoints P/C Division President in New York
Apr 18 2012 // Allied World Assurance Company Holdings AG said industry veteran Lou Iglesias joined Allied World U.S. as president of the property/casualty division. He will be based in New York City. His responsibility will include...
Data Show Risk Highest for New Motorcycle Riders
Apr 17 2012 // Jeff Foley got a motorcycle for his 40th birthday last year followed by the weekend training course that gave him a New York license. Within the first few months, the 450-pound, low-slung cruising bike fell over twice...
U.S. Re Analytics Launches Cost-Saving Tool for Cat-Exposed Insurers
Apr 17 2012 // U.S. RE Analytics, LLC has developed a new tool to help catastrophe-exposed insurance companies reduce reinsurance costs and improve return on risk-adjusted capital, according to Anya Kutsina, managing director. U.S. RE...
Private U.S. P/C Insurers’ Income Fell to $19.1B in 2011: ISO, PCI
Apr 17 2012 // A new analysis shows that while the private U.S. property/casualty insurers suffered deteriorating results in 2011, they still ended the year with a strong and improved fourth-quarter. Private U.S. P/C insurers’ net...
Judge Extends Deadline for BP Oil Spill Settlement
Apr 16 2012 // A federal judge has given BP Plc and lawyers for individuals and businesses who claimed they were harmed by the 2010 Gulf of Mexico oil spill more time to file details of their proposed settlements. U.S. District Judge...
Florida Seeks to Delay Approval of $7.8 Billion BP Settlement
Apr 16 2012 // The Attorney General for the State of Florida has asked a federal court to delay granting preliminary approval of BP Plc’s $7.8 billion settlement with businesses and individuals suing over the massive 2010 Gulf of...
Insurance Employment Report: Jobs Outlook Improving, Slowly
Apr 16 2012 // Looking for work can be an exhausting, soul-draining endeavor during the best of economic times. It goes without saying that job searching is considerably more challenging these days, when the U.S. unemployment rate is...
People – West
Apr 16 2012 // The Insurance Industry Charitable Foundation named Gary C. Petrosino, executive vice president of Chubb & Son and western U.S. territory field officer for Chubb, to the foundation’s national board of...
How to Help Small Businesses Avoid Underinsurance and Anticipate the Unexpected
Apr 16 2012 // In recent years, the United States has been impacted by devastating weather events, many unprecedented and unexpected. According to the Environment America Research and Policy Center, more than 15 million Americans live in...
March’s Severe Weather Proved Deadly, Costly in U.S.
Apr 16 2012 // March was a deadly and costly month in parts of the U.S. A significant severe weather outbreak affected parts of the U.S. Midwest, the Tennessee Valley and the Southeast during the first week of March, killing at least 41...
People – Southeast
Apr 16 2012 // Marsh & McLennan Companies’ CEO Brian Duperreault has been named chairman of the Federal Advisory Committee on Insurance (FACI). His appointment was confirmed by Federal Insurance Office (FIO) Director Michael...
People – Midwest
Apr 16 2012 // Jeff Menary has been named as vice president of direct underwriting and production at Iowa-based Grinnell Mutual. During Menary’s 32-year career at Grinnell Mutual he has served in a variety of roles including...
Former Head of Oversight Panel Blasts AIG Tax Deal
Apr 16 2012 // Elizabeth Warren, the former chair of a congressional oversight panel and currently a U.S. Senate candidate from Massachusetts, is criticizing the government for granting American International Group billions of dollars...
People – East
Apr 16 2012 // Marsh & McLennan Companies’ CEO Brian Duperreault has been named chairman of the Federal Advisory Committee on Insurance (FACI). His appointment was confirmed in late March by Federal Insurance Office (FIO)...
A Losing Proposition
Apr 16 2012 // With the national 2010 healthcare reform law being scrutinized by the U.S. Supreme Court and the country trying to figure out if the spiraling costs for health care can ever be reined in, it turns out there’s one...
DriveFactor Expands Usage-Based Auto Insurance Programs
Apr 13 2012 // DriveFactor, previously known as Crimson Informatics, is offering new auto insurance programs that enable insurers to effectively rate driver performance based on safety and driving habits through mobile technology and...
Cap on Subsidy of Crop Insurance Premiums Would Save $1 Billion: GAO
Apr 13 2012 // A cap on crop insurance premium subsidies could save the federal government up to $1 billion a year, according to a government report. If a limit of $40,000 had been applied to individual farmers’ crop insurance...
Justice Department Testing Little-Used Law in Financial Crisis Cases
Apr 13 2012 // An Obama administration task force established to investigate misconduct that fueled the financial crisis is turning to a little-used statute that may make such cases easier to bring, according to people familiar with the...
Safety Regulators Recommend Brake Override on All New Cars
Apr 13 2012 // U.S. auto safety regulators on Thursday announced a proposal that would require brake override systems on all new passenger cars and trucks, likely by the 2015 model year. The U.S. Department of Transportation safety...
MF Global Trustee May Sue Company Employees
Apr 13 2012 // The trustee liquidating MF Global’s broker-dealer said he may bring civil lawsuits against some of the company’s employees in connection with a massive shortfall in customer funds created in the days leading up...
